Resolution No. 84870
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RESOLUTION NO. 8487
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
VERNON APPROVING AND AUTHORIZING THE EXECUTION OF
AN AGREEMENT BY AND BETWEEN THE CITY OF VERNON AND
NEW AGE FUEL, INC. IN CONNECTION WITH THE CITY'S
PUBLIC BENEFIT PROGRAM
WHEREAS, on August 4, 2004, the City Council of the City of
Vernon adopted Resolution No. 8511 approving a City of Vernon
Renewable Portfolio Standard ("Vernon RPS"); and
WHEREAS, the City desires to commence implementation of the
renewable energy resource development goals contained within the
Vernon RPS; and
WHEREAS, the stated intent of the subject legislation is to
"encourage renewable resources;" and
WHEREAS, the City Council Public Benefits Committee Section
has reviewed various alternatives for encouraging the development of
renewable resources; and
WHEREAS, the City has determined that the firm of New Age
Fuel, Inc. offers a desirable program for generating electric energy
for the City's Light & Power Department customers through a biomass
process; and
WHEREAS, the City desires to encourage renewable resources by
authorizing the City Administrator to negotiate and execute upon
subsequent approval of this City Council a definitive agreement with
New Age Fuel, Inc. for development of a biomass process to generate
electric energy at a development and delivery cost not to exceed Eleven
Million Six Hundred Fifty -Seven Thousand Dollars and No Cents
($11,657,000.00).
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NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF VERNON AS FOLLOWS:
SECTION 1: The City Council of the City of Vernon hereby
finds and determines that the recitals contained hereinabove are true
and correct.
SECTION 2: The City Council of the City of Vernon hereby
authorizes the City Administrator to negotiate and execute, upon
subsequent approval of this City Council, a definitive agreement with
New Age Fuel, Inc. at a development and delivery cost not to exceed
Eleven Million Six Hundred Fifty -Seven Thousand Dollars and No Cents
($11,657,000.00).
SECTION 3: The City Clerk of the City of Vernon shall
certify to the passage of this resolution, and thereupon and
thereafter the same shall be in full force and effect.
APPROVED AND ADOPTED this 1st day of September, 2004.
ATTEST:
BRUCE V. MALKENHORST, City Clerk
THOMAS A. YBARRA, Mayor Pro Tem
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STATE OF CALIFORNIA )
) ss
COUNTY OF LOS ANGELES )
I, BRUCE V. MALKENHORST, City Clerk of the City of Vernon, do
hereby certify that the foregoing Resolution, being Resolution No.
8487, was duly adopted by the City Council of the City of Vernon at a
regular meeting of the City Council duly held on Wednesday,
September 1, 2004, and thereafter was duly signed by the Mayor of the
City of Vernon.
(SEAL)
BRUCE V. MALKENHORST, City Clerk
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